What Insurance Do I Need for College?

Going to college is an exciting and transformative time in a person’s life. It’s a time of new experiences, personal growth, and expanded opportunities. As you prepare for this journey, it’s essential to consider the various aspects of your college life, including insurance coverage. While insurance may not be the most exciting topic, it is crucial to protect yourself financially and mitigate potential risks. In this blog post, we will explore the different types of insurance you may need as a college student.

Health Insurance:

Health insurance is a vital type of coverage that you should have in place before starting college. Whether you’re covered under your parents’ plan or have an individual policy, make sure you understand the terms and coverage limits. Many colleges and universities require students to have health insurance, and they often provide options for student health plans. Take the time to review your options and select a plan that suits your needs, ensuring access to necessary medical care and peace of mind.

Renter’s Insurance:

If you plan to live in a dormitory or off-campus housing, consider getting renter’s insurance. Renter’s insurance protects your personal belongings, such as electronics, clothing, and furniture, in case of theft, fire, or other covered events. While your landlord’s insurance may cover the building structure, it typically doesn’t extend to your personal possessions. Renter’s insurance is affordable and provides financial protection in case of unexpected incidents.

Scheduled Personal Property Insurance:

As a college student, you may own valuable items such as laptops, smartphones, musical instruments, or expensive sports equipment. These items may not be fully covered under your renter’s insurance policy due to coverage limits or exclusions. Scheduled personal property insurance, also known as valuable items insurance, can provide additional coverage specifically for high-value possessions. By scheduling these items individually on your insurance policy, you can ensure they are protected against theft, loss, or damage, even outside your residence. Keep an inventory of your valuable belongings, including receipts, photos, and appraisals, to facilitate the claims process in case of an unfortunate event.

Remember to consult with your Hertvik Insurance agent to understand the coverage limits, deductibles, and terms associated with scheduled personal property insurance. It’s essential to consider your specific needs and the value of your belongings to determine if this additional coverage is necessary.

Auto Insurance:

If you’ll be taking a car to college, make sure you have the appropriate auto insurance coverage. Contact your insurance provider to update your policy with the new address and discuss any changes in coverage that may be necessary. If you’re leaving your car at home while attending college, you may be eligible for a discount on your auto insurance premium if you maintain comprehensive coverage to protect against theft or damage.

Travel Insurance:

If you plan to study abroad or frequently travel during college breaks, consider obtaining travel insurance. Travel insurance can provide coverage for trip cancellation or interruption, medical emergencies, lost luggage, and other travel-related issues.

While insurance may not be at the forefront of your mind as you embark on your college journey, it is a crucial aspect to consider for your financial well-being and peace of mind. Health insurance, renter’s insurance, auto insurance (if applicable), and travel insurance are among the key types of coverage to explore.

Talk to your Hertvik Insurance agent today to help evaluate your specific needs, review policy terms, and consult with insurance providers to make informed decisions about the insurance coverage that best suits your circumstances. By being proactive about insurance, you can focus on your studies and college experience, knowing that you have taken steps to protect yourself against unforeseen events.